NEWS WRAP: Investor approaches Cango for control of the company
The car trader that recently shifted to bitcoin mining said a group wants to buy a controlling stake from Cango’s co-founders By Doug Young Cango Inc. (CANG.US) said on…
BRIEF: Global expansion drives strong revenue growth at RLX
Chinese vaping company RLX Technology Inc. (RLX.US) reportedon Friday its annual revenue rose 73.3% last year to 2.75 billion yuan ($380 million), while its non-GAAP net profit rose 3.3% to…
BRIEF: BMW partner Brilliance Auto’s profit tumbles 60%
Automaker Brilliance China Automotive Holdings Ltd. (1114.HK) said on Sunday its profit last year fell 60%, mainly due to weak performance of its joint venture with German auto giant BMW…
BRIEF: Coolpad loss widens as hardware margins drop
Cellphone maker Coolpad Group Ltd. (2369.HK) announced on Thursday it expects to report a net loss of HK$245 million ($31.5 million) to HK$265 million for 2024, widening 10% to 20%…
BRIEF: iPhone supplier Lens Technology eyes Hong Kong IPO
Shenzhen-listed mobile phone glass supplier Lens Technology Co. Ltd. (300433.SZ) announced on Thursday it plans to list in Hong Kong, aiming to advance its global strategic layout, enhance its international…
BRIEF: Jiumaojiu profit plunges on intensifying competition
Restaurant operator Jiumaojiu International Holdings Ltd. (9922.HK) said on Monday it expects to report its profit tumbled 89% in 2024 to 50 million yuan ($688.7 million) or more, from 454…
BRIEF: Gome warns of wider losses amid debt problems
Electronics retailer Gome Retail Holdings Ltd. (0493.HK) warned last Friday that it would report a loss for 2024 that was flat to as much as 20% wider compared to its…
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